- SeeThruEquity
revised its initial price target for American Premium Water on the basis
of new company developments and strategic market positioning
- The
launch of LALPINA Hydro CBD and the subsequent distribution of the product
will enable the company to enter the rapidly-growing CBD market
- New
research report suggests that CBD market could grow to an astounding $22
billion by 2022
American Premium Water Corp. (OTC: HIPH) announced on
October 10, 2018, that independent equity research firm SeeThruEquity has
revised its initial price target upward. The revision corrected the original
$0.15 target to $0.30, the company said in a press release (http://ibn.fm/W5F0G). According
to the SeeThruEquity report, one of the main reasons behind the price target
revision is the launch of LALPINA Hydro CBD, a technically superior
cannabidiol-infused beverage, which will enable the company to target large
consumer opportunities.
The subsequent distribution of the CBD beverage, as well as
the strategic American Premium Water deals aimed at expanding the company’s
presence on the luxury markets, have also been quoted as reasons for the target
revision.
According to American Premium Water CEO Ryan Fishoff, the
revised target validates all of the company’s strategic efforts. Over the past
year, the company has entered one of the most rapidly evolving American
economic sectors – the CBD market. As a result, the company has managed to
significantly reduce debt, enter substantial distribution agreements and
position itself for sustainable growth in the future.
The launch of the CBD beverage enables the company to
participate in a fast-growing market that is anticipated to outpace the
cannabis industry within the next few years. While Greenwave Advisors estimates
that the CBD market will reach $3 billion by 2021 and The Hemp Journal anticipates
the increase to slightly exceed $2 billion (http://ibn.fm/rjBWD), a new report by the Brightfield Group
forecasts significantly higher growth, estimating that the hemp-CBD market
alone could hit $22 billion by 2022 (http://ibn.fm/B3c1v).
The revised SeeThruEquity initial price target represents a
potential upside of 471.4 percent from HIPH’s recent price
of $0.0525 per share, reported a day before the announcement, on
October 9, 2018.
The report further highlights the fact that the company will
also potentially benefit from a recent Drug Enforcement Administration (DEA)
action that removes CBD as a Schedule 1 drug whenever the trace amount of THC
remains below 0.1 percent. In such instances, the product will be classified as
a Schedule 5 drug, following FDA approval. This change may enable additional
growth in the field of pharmacology.
LALPINA Hydro CBD contains no detectable amounts of THC,
which means that American Premium Water Corp. could now be able to explore the
medical potential of the formulation via partnerships with industry
representatives.
LALPINA Hydro CBD mixes hydro with nanotechnology to deliver
hydro-infused CBD water to consumers. The company started offering the new
product via its website on August 27, 2018. The nanotechnology in LALPINA Hydro
CBD enables a quicker absorption rate in comparison to other CBD-infused
waters. On October 17, the company announced that it had developed a prototype
THC-infused beverage utilizing the same technology.
The product ensures proper hydration, and it could also be
utilized by active individuals to ensure muscle relief. CBD is an excellent
choice for quick workout recovery due to its analgesic, anti-inflammatory,
anti-spasm and neuroprotective properties.
American Premium Water Corporation is a California-based
company that maintains a portfolio of subsidiaries catering to the health and
luxury goods markets. The company’s two primary pillars are the development of
health and beauty biotechnology for the purpose of unlocking the full potential
of hydrogen and nanotechnologies, in combination with CBD.
For more information, visit the company’s website at www.AmericanPremiumWater.com
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